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Nov 10, 2012
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earlier this week house speaker john boehner offered his position. this afternoon it was the president's turn. they have got some ground to cover to get a deal done. the white house says americans voted tuesday for tax increases on the wealthy. boehner says he is open to more revenue from taxpayers if it's part of an overhaul to the entire tax code. there are way to get this done. it's likely going to take weeks of high level negligencations and they begin at the white white house next w, harris. >> harris: what is this doing to the markets our 401(k)'s? >> u.s. markets just wrapped worst week since june. much of it because of concerns about the fiscal cliff. it takes half a trillion dollars out of the economy next year alone through spending cuts and tax increases. analysts say it would likely lead to another recession. today, the major indices managed only slight gain. the dow jones industrial average rose 4. the nasdaq settled up 9. the s&p increased 2. all three dropped at least 2% for the week. harris? >> harris: rich edson, thank you very much.
earlier this week house speaker john boehner offered his position. this afternoon it was the president's turn. they have got some ground to cover to get a deal done. the white house says americans voted tuesday for tax increases on the wealthy. boehner says he is open to more revenue from taxpayers if it's part of an overhaul to the entire tax code. there are way to get this done. it's likely going to take weeks of high level negligencations and they begin at the white white house next w,...
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Nov 8, 2012
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it will be john boehner the speaker of the house, the republic majority there. the democratic majority in the senate. mitt romney is not of washington and he will be on the outside of that debate. >> shepard: carl cammeron in boston tonight. boeing will slash jobs as part of a restructuring of its defense division. it's a big change for the pentagon's second largest supplier. in all boeing is cutting 30% of management jobs from 2010 levels. the chief executive of boeing defense says these cuts will save the company an additional 1.6 billion over the next few years. he added and i quote: we are raising the bar higher because our market challenges and opportunities require it. and our customers needs demand it. if you are planning to fly this thanksgiving, prices packed flights and long lines. that's from airline industry trade group which reports some 24 million travelers should hit the skies over the holiday up from last year and that flights will be around 90% full at peek travel times. what a joy. no kids crying. that would be a thanksgiving record if it happe
it will be john boehner the speaker of the house, the republic majority there. the democratic majority in the senate. mitt romney is not of washington and he will be on the outside of that debate. >> shepard: carl cammeron in boston tonight. boeing will slash jobs as part of a restructuring of its defense division. it's a big change for the pentagon's second largest supplier. in all boeing is cutting 30% of management jobs from 2010 levels. the chief executive of boeing defense says these...
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Nov 12, 2012
11/12
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gregg: so, steve is john boehner right or crystal right. >> john boehner gets an a in economics. he's precisely right. a large percentage of the income that barack obama wants to tax at the higher rate is small business income. the other part of it that the speaker didn't mention is the other big component of that income is investment income the money that the people put into the small businesses to create them in the first place. doug knows this very well that one of the big problems we have in the economy right now is businesses aren't inch investigating, they are not expand -lg your operations. can you think of a worst time to raise the tax rate on investment when investment went negative in the last quarter? if businesses are not investing they can't hire more workers and i agree with doug it could cause a ou double-dip recession. gregg: if you force higher income americans to pay more in taxes not through increasing their tax rates but rather closing the loopholes, deductions, credits and so on and so forth, that is still a net increase on that important sector. so how is th
gregg: so, steve is john boehner right or crystal right. >> john boehner gets an a in economics. he's precisely right. a large percentage of the income that barack obama wants to tax at the higher rate is small business income. the other part of it that the speaker didn't mention is the other big component of that income is investment income the money that the people put into the small businesses to create them in the first place. doug knows this very well that one of the big problems we...
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Nov 16, 2012
11/12
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john boehner is pulled by two groups. one he does not want to be obstructionist not to allow tax cuts for lower group to go through and doesn't want tax cuts to go through. he is pulled on that side and by his own party. what i hope is that the vast majority of the republicans hold true and if some of the republicans peel off, i would, that would be fine. if they pushed through obama's bill, but i do not want to see them punished. but the republicans need to have this position for 2014 and the rest of 2013 when the economy goes in the garbage dump. republicans are right. bill: two more quick questions on this. >> sure. bill: when these congressional leaders speak, what sort of code words should we be listening for today? >> well i don't know what they would say to each other but on the outside, using the word rates left revenues and that type of stuff are code words especially coming from the president. if he talks about raising revenues and does not insist on it being rates there is a good compromise possible. if he forc
john boehner is pulled by two groups. one he does not want to be obstructionist not to allow tax cuts for lower group to go through and doesn't want tax cuts to go through. he is pulled on that side and by his own party. what i hope is that the vast majority of the republicans hold true and if some of the republicans peel off, i would, that would be fine. if they pushed through obama's bill, but i do not want to see them punished. but the republicans need to have this position for 2014 and the...
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Nov 10, 2012
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boehner at this point to simply pass the senate bill and if nothing is done it's on speaker john boehner not on the president, whether or not the tax cuts expire on january 1. >> but at the end of the day, it will be the american people that are hurt. yes, there is a bill in the senate, and yes, boehner could pass it, but he says that he does not want to raise taxes and the congressional budget office says, kelly, if we do what the republicans want us to do it will increase economic growth by 1.5%. if we do what president obama wants us to do and what she just mentioned, it would raise economic growth by 1.25%, so it's more than just tax cuts, it's more than just tax increases, we have to actually reform entitlement programs. there's a lot that needs to be done before january 1st. >> kelly: what say you about this? is angela right, 1.5%, i understand it could be as high as 1.7% if they find agreement. >> number one thing we need to focus on, while the country elected the same congress and everyone is taking their old positions, democrats have new leverage and they have the power in this
boehner at this point to simply pass the senate bill and if nothing is done it's on speaker john boehner not on the president, whether or not the tax cuts expire on january 1. >> but at the end of the day, it will be the american people that are hurt. yes, there is a bill in the senate, and yes, boehner could pass it, but he says that he does not want to raise taxes and the congressional budget office says, kelly, if we do what the republicans want us to do it will increase economic...
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Nov 13, 2012
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veteran john boehner has a big task ahead of him. can the house speaker pull the gop together and try to make a deal with the president on the fiscal cliff as jay leno was talking about. should he? should a deal be made? a fair and balanced debate is coming up. lots of talk how the united states will eventually be world's top oil producer. that is what some say. there are questions why it is taking so long. those stories and breaking news all "happening now." jenna: well, it is a little unbelievable, but there is lot of twists and turns in this scandal we've been following so closely surrounding former cia chief and now others. hi, everybody. glad to have you with us. i'm jenna lee. rick: happy tuesday. i'm rick folbaum in for jon. controversy over the timeline of events over the petraeus investigation with members of congress wanting to know why the fbi didn't notify them and the white house until just recently when it began months ago. that investigation far from over. fbi searching the home of petraeus's alleged mistress, paula br
veteran john boehner has a big task ahead of him. can the house speaker pull the gop together and try to make a deal with the president on the fiscal cliff as jay leno was talking about. should he? should a deal be made? a fair and balanced debate is coming up. lots of talk how the united states will eventually be world's top oil producer. that is what some say. there are questions why it is taking so long. those stories and breaking news all "happening now." jenna: well, it is a...
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Nov 8, 2012
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martha: what about john boehner's role in all of this? i'm curious about who the faces and voices are that we'll be watching closely as they try to hash this out. >> john boehner is also a very fine man, and congressman from ohio, good family, good background, good man. he's in a very tough spot. he could do a compromise without getting the agreement of people like cantor and ryan, he could do it, but i think he'd be very mistaken to do that. he could get 50, 60, 70 republicans in the house to move and vote with the democrats, but i don't think he should do something like that. i think the republicans should stick to their principles, free market, progrowth supply side economics and let the chips fall where they may and that's what i think john boehner should do. martha: thank you, art. saying that people involved are good men and they should be able to get in there and work this out and it wasn't a bad election to lose and you're optimistic about the future. bill: you know what didn't stop throughout the elections. martha: what? bill: ca
martha: what about john boehner's role in all of this? i'm curious about who the faces and voices are that we'll be watching closely as they try to hash this out. >> john boehner is also a very fine man, and congressman from ohio, good family, good background, good man. he's in a very tough spot. he could do a compromise without getting the agreement of people like cantor and ryan, he could do it, but i think he'd be very mistaken to do that. he could get 50, 60, 70 republicans in the...
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Nov 14, 2012
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. >> speaker john boehner offered what he considers a balanced approach generating the revenue from tax reform and entitlement reform. late today, boehner said the president's position is flawed. >> we are not going to hurt our economy an make job creation more difficult. which is exactly what that plan would do. >> letter sent by the u.s. chamber of commerce and signed by 232 organizations calls on the president and congress to immediately extend all the tax cuts and find other cuts to replace sequestration. the president suggested taking a closer look at reforming entitlements without offing details and says he would like to simplify the tax code. mr. obama says he wants congress to act now to extend tax cut for middle class and try to avoid boxing himself in on upcoming negotiation. >> i'm open to come plo mize and new ideas. i have been encouraged for republicans to agree to more revenue as part of the arithmetic if we are serious to reduce deficit. >> the top republican in senate who is a key player in upcoming talks says raising taxes on the upper income americans does not add up.
. >> speaker john boehner offered what he considers a balanced approach generating the revenue from tax reform and entitlement reform. late today, boehner said the president's position is flawed. >> we are not going to hurt our economy an make job creation more difficult. which is exactly what that plan would do. >> letter sent by the u.s. chamber of commerce and signed by 232 organizations calls on the president and congress to immediately extend all the tax cuts and find...
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Nov 14, 2012
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john boehner, he said it's going to take a long time to work this out. let's keep in mind here that will cost every american family $3500. what can you do by december 31? >> well, we can pass the republican bill that came through the house that is sitting in the senate. the economy is still going the wrong way. we have more americans on food stamps than ever before in history, and all he wants to do is talk about raising taxes. gerri: congressman cummings a pleasure to talk you tonight. thank you for coming on. >> absolutely. gerri: president obama pushing his tax agenda. but who didn't earn a seat at the table? small business. big mistake, mr. president, that's what my next guest says. he is the president of the american business week. welcome to the show. it is great to have you here. i was shocked. we have all big fortune 500 companies going into that room. the missing players were wall street, and also small business. >> i would tell them that einstein says we can't solve problems by using the same kind of thinking. obama went to big businesses a cou
john boehner, he said it's going to take a long time to work this out. let's keep in mind here that will cost every american family $3500. what can you do by december 31? >> well, we can pass the republican bill that came through the house that is sitting in the senate. the economy is still going the wrong way. we have more americans on food stamps than ever before in history, and all he wants to do is talk about raising taxes. gerri: congressman cummings a pleasure to talk you tonight....
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Nov 15, 2012
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. >> on this day, house speaker john boehner claimed that gallup survey showed most people support lowering the deficit ending the tax loopholes and making needed spending cuts. but that is not specific enough for white house. boehner wasn't more detailed the day before. >> getting in to the specifics of that at this point would not be con deuce i to try to come to the white house. >> republicans and democrats continue to position themselves for friday startup talks between the president and congressional leaders. each accusing the other of refusing to compromise. >> the keys to the car are heading toward the fisca cliff are in republican hands. >> liberal democrats demand 1 to 1 ratio of higher tax re-knew to spending cuts, some conservatives are demanding the only increase revenue come from the expanded economic growth. there is little prospect of that enough to avoid the cliff. meanwhile, senator coburn is calling for democrats cut and democrats to find savings in medicare and medicaid. the oklahoma republican admits it's normal for each party to protect the sacred cows. >> i think that
. >> on this day, house speaker john boehner claimed that gallup survey showed most people support lowering the deficit ending the tax loopholes and making needed spending cuts. but that is not specific enough for white house. boehner wasn't more detailed the day before. >> getting in to the specifics of that at this point would not be con deuce i to try to come to the white house. >> republicans and democrats continue to position themselves for friday startup talks between...
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Nov 12, 2012
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so john boehner is in a very difficult spot. we've seen some movement that republicans are willing to put some tax revenue on it, but as boehner said over the weekend, he's not going to raise tax rates. and obama is insisting on that. so i don't think you're going to get, see any type of deal this week when congress comes back. there'll be more leverage games, and we're going to probably go deep into december raising the question, are we going to get a deal? jenna: what do you think? >> i think eventually they are going to get a deal, but i think it'll probably be a two-step process where they get some type of down payment on tax reform and then do something larger in the new year with the new congress being sworn in. so, but how do you do that, how do you have one-step process? i think you've got to have the parameters of what you're going to do next year now. boehner does not want a huge deal in the lame duck. he says that the new congress should be in session when you're going to do this, the newly-elected people. so it's goi
so john boehner is in a very difficult spot. we've seen some movement that republicans are willing to put some tax revenue on it, but as boehner said over the weekend, he's not going to raise tax rates. and obama is insisting on that. so i don't think you're going to get, see any type of deal this week when congress comes back. there'll be more leverage games, and we're going to probably go deep into december raising the question, are we going to get a deal? jenna: what do you think? >> i...
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Nov 9, 2012
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mitch mcconnell has certainly got john boehner's back. he agrees. he says, quote, one issue i've never been conflicted about is taxes. i wasn't sent to washington to raise anybody's taxes to pay for more wasteful spending. and this election doesn't change my principles. that the president and the folks in the white house have to think about. since they are intent on raising taxes, the congressional budget office says hold the phone. not so fast because if the taxes all get hiked up as they're going to at the end of the year unless there is some sort of a change and they come to an agreement, there would wind up being a recession in this country one year from right now, unemployment would be above 9% and the economy, they say, would contract by about a half a percent when it comes to the gdp. those are two very sobering numbers. in other words, if they can figure a way to do something about the debt problem and also about stuff we were just talking about right there, you know, as we got up to the cliff, we'll have a way down. but you've got to addres
mitch mcconnell has certainly got john boehner's back. he agrees. he says, quote, one issue i've never been conflicted about is taxes. i wasn't sent to washington to raise anybody's taxes to pay for more wasteful spending. and this election doesn't change my principles. that the president and the folks in the white house have to think about. since they are intent on raising taxes, the congressional budget office says hold the phone. not so fast because if the taxes all get hiked up as they're...
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Nov 9, 2012
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president obama and house speaker john boehner speaking today about what is needed to avoid a potential economic crisis in january. >>> an ohio teen sentenced in a deadly plot to lure victims with phony job offers on craig's list. >>> silent killers of superstorm sandy d the threat of carbon monoxide exposure, dangers from downed power lines and contaminated water. it is all "happening now." jon: iran uping the stakes with the standoff over the west on its nuclear program. a good friday morning to you. i'm jon scott. >> i'm jamie colby. good to have you here. i'm in for jenna lee today. talk about happening now, there is lot happening this hour. let's start with this. iranian warplanes opening fire an unarmed u.s. drone? the pentagon said it was flying over the gulf. that international waters. fortunately the drone was not damaged. jon: all this as the you know announce as fresh round of new diplomatic talks with iran next month. national security correspondent jennifer griffin live at the pentagon with more on this. this happened november 1st. why are we hearing about it now? >> report
president obama and house speaker john boehner speaking today about what is needed to avoid a potential economic crisis in january. >>> an ohio teen sentenced in a deadly plot to lure victims with phony job offers on craig's list. >>> silent killers of superstorm sandy d the threat of carbon monoxide exposure, dangers from downed power lines and contaminated water. it is all "happening now." jon: iran uping the stakes with the standoff over the west on its nuclear...
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john boehner says he's willing to work with the president to solve the problems facing us now. >> the president knows he and i have worked together. the election is over. now it's time to get to work. bill: governor, how you doing? i haven't heard you comment since the election. it's an honor to have you back. what's going on here. boehner is a deal maker. i'm the easiest guy in the world to get along with. >> john boehner and mitch mcconnell are professionals when it comes to understanding the art of the deal. we didn't win the elections, didn't get the senate. we have to accept the hand that's been dealt to us. if you don't get to take something off the table unless you put something on the table unless you have got a gun. we don't have a gun. we didn't get that in the election. so what we have got to understand and i'm hoping members of congress will follow the leader and members of the senate will follow their leader. you can't have every republican member of congress and member of the senate trying to create a side deal. that's disaster in the making. they are not going to get ev
john boehner says he's willing to work with the president to solve the problems facing us now. >> the president knows he and i have worked together. the election is over. now it's time to get to work. bill: governor, how you doing? i haven't heard you comment since the election. it's an honor to have you back. what's going on here. boehner is a deal maker. i'm the easiest guy in the world to get along with. >> john boehner and mitch mcconnell are professionals when it comes to...
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Nov 13, 2012
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he and house speaker john boehner were close to a deal last year and people chose his way last week tuesday weigh found out that the majority of people agree with my approach. democrats, independence and some republicans. now we need a majority in congress to listen. >> mitch mcconnell didn't give mr. obama a mandate. they just gave him more time' and speaker boehner still objects to higher tax rates, shepard. >> shepard: republicans here and there are changing their tunes on a lot of things. bill kristol the conservative commentator is one of them, he says raise taxes on the millionaires it won't kill us that shook the g.o.p. establishment. he supports the president's own deficit reduction commission taxes and spending cuts which mr. obama himself turned down. crystal's comments came on "fox news sunday." >> you know what? it won't kill the country if we raise taxes a little bit on millionaires. it really won't. i don't understand why republicans don't take obama's offers to freeze taxes on everybody below 250,000. >> since polls indicate most people favor phasing out he upper income tax c
he and house speaker john boehner were close to a deal last year and people chose his way last week tuesday weigh found out that the majority of people agree with my approach. democrats, independence and some republicans. now we need a majority in congress to listen. >> mitch mcconnell didn't give mr. obama a mandate. they just gave him more time' and speaker boehner still objects to higher tax rates, shepard. >> shepard: republicans here and there are changing their tunes on a lot...
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Nov 9, 2012
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today, the house speaker john boehner told diane sawyer on abc that tax increases cannot be part of a deal. >> raising tax rates is unacceptable. and, frankly, it couldn't even pass the house. i'm not sure it could pass the senate. >> shepard: speaker boehner says is he willing to talk about the president's proposals. ed henry is live at the white house for us tonight. ed, what are we expecting to hear from the president tomorrow? >> we are told that he is going to speak really for the first time substantively since the election and that post election party tomorrow about 1:00 p.m. eastern here at the white house. is he going to talk about the economy broadly but specifically the fiscal cliff. what he is willing to do to move forward and with negotiations on capitol hill. as you say, this could have a massive impact on our economy. there are these major spending cuts kicking in on january 2nd. you have the bush tax rates expiring at the end of this year. so that could mean tax hikes for millions of americans. you can seat markets reacting in a very negative way over the last couple da
today, the house speaker john boehner told diane sawyer on abc that tax increases cannot be part of a deal. >> raising tax rates is unacceptable. and, frankly, it couldn't even pass the house. i'm not sure it could pass the senate. >> shepard: speaker boehner says is he willing to talk about the president's proposals. ed henry is live at the white house for us tonight. ed, what are we expecting to hear from the president tomorrow? >> we are told that he is going to speak...
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Nov 8, 2012
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you hear house speaker john boehner talk about finding new revenue through tax rerecall to. i think they will get down something to put off the fiscal cliff and put off sequestration cuts. as for broad outlines of tax reform i don't think we'll know that for months to come. jon: i herd an interesting statement from senate majority leader harry reid yesterday. he said you can push us push us, and push us and we'll be accommodating but you have to compromise. as if to say republicans or the house members, house republicans are the ones who need to compromise in the upcoming legislative session? >> well, i'll tell you house republicans feel of two mind right now. they actually don't want to have a middle class tax hike on their shoulders if the president calls the bluff and let he is all of the tax cuts expire because republicans wouldn't raise taxes on the top brackets. they don't want that on their heads. they think that would be damaging to them politically. they're looking 2014 where they want to take back majority in the senate and consolidate their majority in the house.
you hear house speaker john boehner talk about finding new revenue through tax rerecall to. i think they will get down something to put off the fiscal cliff and put off sequestration cuts. as for broad outlines of tax reform i don't think we'll know that for months to come. jon: i herd an interesting statement from senate majority leader harry reid yesterday. he said you can push us push us, and push us and we'll be accommodating but you have to compromise. as if to say republicans or the house...
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Nov 14, 2012
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hosted by the speaker of the house, john boehner. shep? >> shepard: mike emanuel live on capitol hill. just in to fox news from the o really file? the chief operating officer of the long island power authority or lipa is stepping down in the wake of super storm sandy. this comes on the same day an attorney filed a lawsuit against lipa claiming negligence in the aftermath. and the attorney is seeking class action status potentially including hundreds of thousands of long island customers who, in some cases have had no power for two weeks. the feds say only about 25,000 customers in the storm zone are still in the dark only. certainly a major improvement since just yesterday when the number was three times that. but today as the new york city mayor michael bloomberg pointed out that figure does not include tens of thousands of homes and businesses that are destroyed or too badly damaged for crews even to restore electricity. >> the majority of new yorker who's remain without power do so not because the utilities can't provide power on the st
hosted by the speaker of the house, john boehner. shep? >> shepard: mike emanuel live on capitol hill. just in to fox news from the o really file? the chief operating officer of the long island power authority or lipa is stepping down in the wake of super storm sandy. this comes on the same day an attorney filed a lawsuit against lipa claiming negligence in the aftermath. and the attorney is seeking class action status potentially including hundreds of thousands of long island customers...
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yesterday john boehner did just that. he said that the republicans are willing to accept new revenue under the right conditions to get a deal. harry reid extraordinarily was talking about dancing and fighting, which is his way of saying he's ready to make some sort of a deal as well. but like gretchen said a minute ago, there is a big selloff on wall street yesterday because people on wall street feel that we are much closer to going off the fiscal cliff than before the election. >> gretchen: even if get a decision here, any kind of an agreement, bipartisanship, whatever you want to call it, it's only going to be short-term. this is not a -- nobody is paying attention to erskine bowls and that whole debt reduction plan. nope of the this is just going to be another stop gap measure. how do you feel about that? is that really bipartisanship for the long-term? are we really going to face all of these issues with both parties? >> brian: erskine bowls wrote a column today and said this is the perfect time to act. boehner said
yesterday john boehner did just that. he said that the republicans are willing to accept new revenue under the right conditions to get a deal. harry reid extraordinarily was talking about dancing and fighting, which is his way of saying he's ready to make some sort of a deal as well. but like gretchen said a minute ago, there is a big selloff on wall street yesterday because people on wall street feel that we are much closer to going off the fiscal cliff than before the election. >>...
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Nov 15, 2012
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house speaker john boehner says he believes they can reach a deal. >> i don't think anyone, on either side of the aisle under estimates the difficulty that faces us. but i do think the spirit of cooperation that you've seen over the last week from myself and my team, from democrats across the aisle, from the president, have created an atmosphere where i think that, i'm, i remain optimistic. i was born with a glass half-full. >> what i have told leaders privately as well as publicly, is that we can not afford to extend the bush tax cuts for the wealthy. what we can do is make sure that middle class taxes don't go up. 98% of americans are not going to see their taxes go up. 97% of small businesses are not going to see their taxes go up. if we get that in place, we are actually removing half of the fiscal cliff. martha: doug schoen, former pollster to president bill clinton. monica crowley, radio talk show host. both are fox news contributors and what i'm hearing through both of those quotes we're pretty much where we were the last time that the president and john boehner got together. t
house speaker john boehner says he believes they can reach a deal. >> i don't think anyone, on either side of the aisle under estimates the difficulty that faces us. but i do think the spirit of cooperation that you've seen over the last week from myself and my team, from democrats across the aisle, from the president, have created an atmosphere where i think that, i'm, i remain optimistic. i was born with a glass half-full. >> what i have told leaders privately as well as publicly,...
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so john boehner is the most reasonable, responsible guy in washington, according to john boehner. do you agree with that? >> well, you know, it's a new day. and perhaps there's a new john boehner. you know, i'm optimistic, and i think that, you know, elections clarify things and so i think this shows a very positive willingness to make a deal perhaps. >> ana, do you agree with that? >> well, zoraida, let's remember what the house of representatives is like. so it's not a high threshold to be the most responsible person in washington. but i do, you know, i do think that john boehner is doing everything he can to signal he's willing to work to the. i think he received a message that the american people said that they want to see some cooperation. and i do think john boehner is a businessman, a business oriented person who understands the economy, and understands that solving the fiscal cliff would be an important part of not having the economy go off a cliff again. now the big question is, okay, so john boehner thinks he's the most responsible person in washington. will his republic
so john boehner is the most reasonable, responsible guy in washington, according to john boehner. do you agree with that? >> well, you know, it's a new day. and perhaps there's a new john boehner. you know, i'm optimistic, and i think that, you know, elections clarify things and so i think this shows a very positive willingness to make a deal perhaps. >> ana, do you agree with that? >> well, zoraida, let's remember what the house of representatives is like. so it's not a high...
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john boehner indicated, revenue is possible, but we're not raising tax rates. where is there compromise? >> i think where there's going to be a compromise on taxes, this be would be a good thing on the economy, might exchange lower tax rates in return for a reduction in all the loopholes that as it is distort economic activity. so if boehner were able to achieve that kind of compromise, that's one that the republicans could be pleased with. the bush tax cuts are gone, they're expiring, and the president said that 250,000 below, he wants that extended, but for those making more than 250, will the bush tax cuts come to an end? >> i don't think so. i think actually the they won't come to an end because the democrats don't want major reduction in spending, if you hit the cliff, the spending would go down and politicians love to spend money. an extension of the bush tax cuts, less we're blessed by the relatively few, jeff baso, the late steve jobs, you want to remove the barriers to their production, not raise them. >> mike: john, we're not going over this cliff, ar
john boehner indicated, revenue is possible, but we're not raising tax rates. where is there compromise? >> i think where there's going to be a compromise on taxes, this be would be a good thing on the economy, might exchange lower tax rates in return for a reduction in all the loopholes that as it is distort economic activity. so if boehner were able to achieve that kind of compromise, that's one that the republicans could be pleased with. the bush tax cuts are gone, they're expiring,...
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Nov 11, 2012
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i think you heard john boehner say that. we've had votes in the senate where we've gotten rid of tax credits. i think that's a given. >> we need the republicans to do in 2012 what we did in 2010. we hear the mandate continue to cut spending, but they have to hear the than date real revenues not like dynamic scoring. >> and here's what happens if no agreement is reached before january 1st.bush tax rates expire. emergency unemployment benefits will end. the 2011 payroll tax holiday expires. and $984 billion in cuts will be triggered. joining me now, andy sullivan and sher a tupletts. what do you expect to come out of the meeting friday and will any real progress made? >> oh, no, but i think the optics will be important. there will beside by side getting their picture taken and i think this will reassure voters and most importantly investors that they are serious about the problem and they want t to get something done before the end of the year. they've pretty much gotten a free ride from the markets. everybody knew this was co
i think you heard john boehner say that. we've had votes in the senate where we've gotten rid of tax credits. i think that's a given. >> we need the republicans to do in 2012 what we did in 2010. we hear the mandate continue to cut spending, but they have to hear the than date real revenues not like dynamic scoring. >> and here's what happens if no agreement is reached before january 1st.bush tax rates expire. emergency unemployment benefits will end. the 2011 payroll tax holiday...
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but house speaker john boehner is shown a willingness to raise revenue if it involves simplifying the tax system. not just raising rates. >> for the purposes of bipartisan agreement, we're willing to accept new revenue under the right conditions. >> and the reaction already from the markets. the dow fell in a big way yesterday. that's due to things happening overseas but also has to do with the approaching fiscal cliff. in washington, fox news. >> president obama will become the first sitting u.s. president to visit the southeast asian country of berma later this month. it was a repressive military regime. the white house has encouraged the move towards democracy. the visit was announced this morning. >> election official inside virginia are thinking of solutions to the long lines of voters forced to wait during tuesday's election. voters shouldn't have to wait more than an hour. using optical scans instead of touch screens and bringing in more voting machines. the problem is being blamed on a high voter turn out and few voting machines. >> with the election in the books metro is look
but house speaker john boehner is shown a willingness to raise revenue if it involves simplifying the tax system. not just raising rates. >> for the purposes of bipartisan agreement, we're willing to accept new revenue under the right conditions. >> and the reaction already from the markets. the dow fell in a big way yesterday. that's due to things happening overseas but also has to do with the approaching fiscal cliff. in washington, fox news. >> president obama will become...
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house speaker john boehner says he is willing to work with president obama to reach a deal. boehner says this week's election is proof the american people want republicans and democrats to work together for a solution to a crisis that could plunge the country back into a recession. >> the american people have spoken. they've re-elected president obama and they have again re-elected a republican majority in the house of representatives. if there's a mandate in yesterday's results, it's a mandate for us to find a way to work together on the solutions to the challenges that we all face as a nation. >> boehner says the deal could include new tax revenue to help reduce the national debt. >>> don't be surprised if you've lost a few friends on facebook if you've shared your thoughts on the election on the social networking site. the election is sparking a facebook feud. those posts often offended people with different political believes. some took the dramatic step of unfriending the ranters, and for those not ready to end the friendship over politics, there's always the option of
house speaker john boehner says he is willing to work with president obama to reach a deal. boehner says this week's election is proof the american people want republicans and democrats to work together for a solution to a crisis that could plunge the country back into a recession. >> the american people have spoken. they've re-elected president obama and they have again re-elected a republican majority in the house of representatives. if there's a mandate in yesterday's results, it's a...
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he called house speaker john boehner yesterday. house leaders from both parties conceding tuesday's election was a call to compromise. >> there's an alternative to going over the fiscal cliff. by working together and creating a fairer, simpler, cleaner tax code, we can give our country a stronger, healthier economy. a stronger economy means more revenue, which is what the president seeks. >> this isn't something that i'm going to draw the lines in the sand, he's not going to draw any lines in the sand, i don't believe, and i think we need to work together. >> the ceo of a global asset management firm put the odds at 30 to 40% that the u.s. will fall off the fiscal cliff. let's hope he's wrong. >>> governor john hickenlooper of colorado says don't break out the cheetos or the goldfish, at least not yet, after voters passed a ballot measure legalizing the recreational use of marijuana. that's setting up a looming legal battle with the justice department. we have this statement from the dea. "the drug enforcement administration's enfo
he called house speaker john boehner yesterday. house leaders from both parties conceding tuesday's election was a call to compromise. >> there's an alternative to going over the fiscal cliff. by working together and creating a fairer, simpler, cleaner tax code, we can give our country a stronger, healthier economy. a stronger economy means more revenue, which is what the president seeks. >> this isn't something that i'm going to draw the lines in the sand, he's not going to draw...
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and to john boehner. >> i'm hope to compromise. i'm hope to new ideas. i'm committed to solving our fiscal challenge. but, i refuse to accept any approach that isn't balanced. >> and i'm not going to ask students and seniors and middle class families to pay down the entire deficit whole people like me making over $250,000 aren't asked to pay a dime more in taxes. i'm the not going to do that. >> instead of raising tax rates on the american people and accepting the damage it will do to our economy, let's start to actually solve the problem. let's focus on tax reform that closes special interest loopholes and lowers tax rates, instead of accepting arbitrary cuts that will endanger our national defense, let's get serious about shoring up the entitlement programs the drivers of our country's massive growing debt. 2013 should be the year to solve our debt through tax reform and entitlement reform. >> dave: what boehner said, this is an opportunity for the president to lead. this is his moment. if there's one criticism that sticks to the president for the firs
and to john boehner. >> i'm hope to compromise. i'm hope to new ideas. i'm committed to solving our fiscal challenge. but, i refuse to accept any approach that isn't balanced. >> and i'm not going to ask students and seniors and middle class families to pay down the entire deficit whole people like me making over $250,000 aren't asked to pay a dime more in taxes. i'm the not going to do that. >> instead of raising tax rates on the american people and accepting the damage it...
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listen to what john boehner said about being reasonable. some rhetoric that's very con silltory. >> we talk about all kinds of things we may disagree on. i'm the most reasonable responsible person here in washington. the president knows this. he knows that he and i can work together. now the election is over. now it's time to get to work. >> reporter: now the important thing that speaker boehner said, soledad, was that increased revenue would be on the table. so that's the thing to tell you that there may be some middle ground. of course, the devil is in the details. the idea here, though, is that if a framework could be worked on, you may see deductions close, tax credits go away. some deductions, some loopholes closed. and, you know, a lot of people -- even if they're in that top income bracket where they're supposed to be paying 35% or that's the maximum they would pay, some of them effectively are not paying that. they still could be paying more in tax dollars. that could create more revenue. yet the tax rate itself could not go up. com
listen to what john boehner said about being reasonable. some rhetoric that's very con silltory. >> we talk about all kinds of things we may disagree on. i'm the most reasonable responsible person here in washington. the president knows this. he knows that he and i can work together. now the election is over. now it's time to get to work. >> reporter: now the important thing that speaker boehner said, soledad, was that increased revenue would be on the table. so that's the thing to...
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the house speaker john boehner disagrees. >> the problem with raising tax rates on the wealthiest americans is that more than half of them are small business owners. >> on tuesday night we found out that the majority of americans agree with my approach. i'm not wedded to every detail of my plan. i'm open to compromise. i'm open to new ideas. >> the president is asking the congress to sign off on an extension of the middle class tax cuts right now while both sides work to reach an agreement on the more contentious issues. because of the impending financial doom and gloom, virginia state agencies are looking to cut their budgets by 4% as directedly the governor thursday. peggy fox -- directedly the governor thursday. peggy fox spent the day tracking how those cuts could affect the cities and counties in virginia. >> we still haven't recovered from the last recession, but washington was not as harshly impacted as other parts of the country because federal spending kept people employed here, but now ironically instead of our salvation that, connection could be a curse. schools in northern virgi
the house speaker john boehner disagrees. >> the problem with raising tax rates on the wealthiest americans is that more than half of them are small business owners. >> on tuesday night we found out that the majority of americans agree with my approach. i'm not wedded to every detail of my plan. i'm open to compromise. i'm open to new ideas. >> the president is asking the congress to sign off on an extension of the middle class tax cuts right now while both sides work to reach...